We examine the impact of biases in managerial judgment and in accounting reports on the voluntary disclosure of private managerial information. We show that any biased managerial judgment in interpreting private information that is voluntarily disclosed, and negatively biased accounting (conservatism), reduce voluntary timely disclosure by firms. Only positively biased (less conservative) accou...

This study aims to analyze the positive effect of institutional ownership on accounting conservatism, negative debt covenants and growth opportunities conservatism.The population in this are companies listed BUMN 2016 – 2018 financial year. All IDX used. Sampling was carried out using purposive sampling method had certain criteria. The data collection used is documentation from electronic media...

Theory predicts that the accounting information transparency affects credit spreads. Given that one of the putative benefits of International Financial Reporting Standards (IFRS) is transparency of accounting information, this study evaluates the impact of IFRS on the pricing of credit spreads in the over-the-counter Credit Default Swap (CDS) market. Using a difference in differences methodolog...

I use the first-time enforcement of insider trading laws in sixteen countries as a shock to enforcement and examine its influence on timely loss recognition (TLR). Consistent with greater enforcement increasing the usefulness of accounting information in contracts and thereby the demand for higher quality reporting, insider trading enforcement is associated with a significant increase in TLR. N...